Financial powerhouse Coteccons reports robust Q3 earnings, boasts substantial order portfolio, and secures a spot on the VNDiamond Index.
Banging Out the Numbers: Coteccons' Booming Business
HYPING up the city, one construction at a time! That's what Coteccons, one of Viet nam's top-tier general contractors, is all about. Bagging a whopping VNĐ23 trillion ($885.1 million) in fresh contracts from January to March 31, 2025, they've boosted their order book to a hefty nearly VNĐ37 trillion ($1.4 billion).
So, what's the secret behind their success? A thriving economic rebirth, faster public spending, and increased foreign direct investment in manufacturing and real estate are just a few factors driving the construction sector's resurgence, giving firms like Coteccons the perfect environment to shine.
In the third quarter alone, Coteccons landed several repeat contracts, including the main construction package for The 9 Stellars by SonKim Land and Gia Binh Airport. Plus, with as much as 69 percent of their order book coming from loyal clients, it's clear that Coteccons knows how to deliver results.
The cherry on top? Coteccons has been chosen to work on the Eco Retreat Long An project, starting fresh collaborations with Ecopark and gearing up for new projects with Sun Group and Masterise Homes, to name a few. Add to that their foray into infrastructure and public investment projects, like Long Thành International Airport phase 1's parking facility and a National University HCMC subproject, and it's evident that Coteccons is a force to be reckoned with!
As if these achievements weren't impressive enough, Coteccons reported consolidated revenues of over VNĐ5 trillion ($192.4 million) in the third quarter, marking a 7.2 percent year-on-year increase. And the best part? A net profit of VNÐ57 billion!
For the fiscal year to date, Coteccons' revenues clocked in at VNĐ16.6 trillion and net profits at VNĐ255 billion, pushing up the growth figures by 15.2 percent and 5.8 percent respectively. The icing on the cake? Coteccons' impressive financial performance, transparency, and strong corporate governance earned it a spot on the VNDiamond Index, a prestigious list tracked closely by both domestic and international ETFs.
Coteccons secured VNĐ23 trillion (US$885.1 million) in new contracts in the first nine months of 2024-25 (until March 31, 2025). - Photo courtesy of the company
In a world where oversupply, price wars, and material-cost volatility can make or break a construction giant, Coteccons' market dominance and strategic partnerships set them apart from the competition. Their ability to remain adaptable and forward-thinking, combined with their proven execution capabilities, make them a formidable force in Viet nam's fast-paced construction landscape.
- In the first nine months of 2024-25, Coteccons, a top-tier general contractor in Vietnam, secured VNĐ23 trillion ($885.1 million) in new contracts.
- One of the factors driving Coteccons' success is the economic rebirth, leading to increased foreign direct investment in manufacturing and real estate.
- Coteccons has formed strategic partnerships with notable companies like Ecopark, Sun Group, and Masterise Homes, taking on projects such as the Eco Retreat Long An.
- In the third quarter alone, Coteccons landed repeat contracts, including the main construction package for The 9 Stellars and Gia Binh Airport.
- A significant portion of Coteccons' order book, around 69 percent, comes from loyal clients, demonstrating their ability to deliver results consistently.
- Despite challenges in the construction industry, such as oversupply and material-cost volatility, Coteccons stands out with their market dominance, adaptability, and forward-thinking approach.
